Just a few days ago, forum members across multiple forums started observing a new Google PageRank update. Forum members believe that Google is lifting PageRank penalties on sites that sold links, but I beg to differ.
It looks like a PR penalty lifting. At least this happened to one of my sites which sold links. No change on my white hat sites.
(Maybe that guy was just lucky.)
Others have confirmed that the PageRank penalty has been lifted, or so that's what they feel is the case. However, it's not necessarily the case that a penalty has been lifted as another forum member points out. However, everyone agrees for the most part that there are PageRank changes that have only come into effect in the past few days, though some are doubting that there is a PageRank update because it's just "too early."
Forum discussion continues at WebmasterWorld and DigitalPoint Forums.